Summit Partners Announces Growth Investment in Dreampath Diagnostics to Accelerate Digital Transformation in Anatomical Pathology
Founded in 2012, Dreampath offers a patented suite of traceability solutions and consumables designed to automate and digitally transform the archiving and retrieval of tissue samples in pathology labs. Today, the company manages more than 250 million samples across over 500 labs in nearly 40 countries, serving a broad range of healthcare organizations, from hospitals and research institutions to commercial laboratories and cancer centers.
"Pathology labs are a critical part of the global healthcare ecosystem, yet many still rely on manual, error-prone processes for sample archiving and retrieval," said Pablo Jordan, CEO and co-founder of Dreampath Diagnostics. "Our mission is to improve the efficiency and accuracy of these workflows through automation and digital traceability, allowing labs to provide patients with faster and safer diagnostics. We're proud to partner with Summit to help us scale our impact and reach more patients around the world."
Dreampath's integrated platform is protected by more than 80 patents worldwide and is designed to automate, simplify and streamline lab workflows to help eliminate the risk of patient sample loss. The company's technology is tailored to specific stages of the pathology process and works with Dreampath's proprietary software and consumables. This closed-loop system helps labs archive and retrieve tissue samples with speed and precision, with a focus on improving sample traceability while reducing manual errors, retrieval times and operational burden. Customers using the system have reported meaningful positive results, noting an 83% reduction in time spent archiving tissue samples.
Dreampath has grown profitably and rapidly at a CAGR of more than 50% in recent years, driven by strong demand for its platform across the U.S., EMEA and other global markets. Dreampath's customers include many of the world's foremost cancer centers, as well as some of the largest and most sophisticated commercial laboratories in operation today.
"Pathology labs are navigating growing volumes, staffing shortages and increasing demands for precision, all while working with systems that haven't meaningfully evolved in decades," said Thomas Tarnowski, Managing Director at Summit Partners. "Dreampath's platform is designed to address a key bottleneck in the pathology workflow. By enabling fast and traceable access to tissue samples, the company is supporting more consistent lab operations and helping improve the quality of patient care. We believe Dreampath is well-positioned to lead the modernization of pathology infrastructure on a global scale."
"We were drawn to Dreampath because of their clear leadership in a fast-growing and increasingly essential segment of lab diagnostics," added Jono Pagden, Principal at Summit Partners. "In our view, the company's first-mover advantage, consistent focus on quality and strong customer adoption have helped Dreampath establish a strong reputation as a trusted provider in digital archiving. We're proud to be their first institutional partner and excited to support the team in scaling their impact globally."
Both Thomas Tarnowski and Jono Pagden have joined the Dreampath Board of Directors.
Dreampath is headquartered in Strasbourg, France with a U.S. commercial office in New York.
Financial terms of the transaction were not disclosed.
About Dreampath Diagnostics
Dreampath Diagnostics is a global leader of digital sample management systems for anatomical pathology laboratories. The company's patented solutions combine purpose-built scanners, software and consumables to enable automated and error-free archiving and rapid retrieval of tissue samples, helping labs accelerate diagnostics, improve accuracy, and compliance. Dreampath's systems are used in leading labs and institutions across nearly 40 countries. For more information, please visit www.dreampathdx.net.
About Summit Partners
Summit Partners is a leading growth-focused investment firm. Summit invests across growth sectors of the economy and, since the firm's founding in 1984, has invested in more than 550 companies in technology, healthcare and other growth industries. These companies have completed more than 175 public equity offerings, and more than 250 have been acquired through strategic mergers and sales. Notable investments in healthcare and life sciences include Advance Medical, CluePoints, Healthline Media, LifeStance Health, VaxCare and Viroclinics. Summit maintains offices in North America and Europe and seeks to invest in category-leading, profitable growth companies worldwide. For more information, please visit www.summitpartners.com or follow on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250711981841/en/
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Fast Company
20 minutes ago
- Fast Company
This IBM ThinkPad was astounding in 1995—and still is
The ThinkPad 701 was 9.7' wide, yet its keyboard magically expanded to a comfy 11.5'. How could anything so ingenious go away so quickly? [Photo: nakashi /Wikimedia Commons] BY Listen to this Article More info 0:00 / 23:24 Closed, it looks pretty much like any other laptop manufactured in 1995. To be sure, it's more compact than most—making it, in the parlance of the day, a subnotebook. But it's still comically thick, standing almost as tall as four MacBook Airs stacked on each other. That height is required to accommodate multiple technologies later rendered obsolete by technological progress, such as a dial-up fax/modem, an infrared port, two PCMCIA expansion card slots, and a bulky connector for an external docking station. But then you open it up. And as you do, something utterly unique happens. Thirty-five of the laptop's keys glide out to the left in a cluster. Another 49 swivel downward and to the right. By the time you've raised the screen into place, those 84 keys have assembled themselves into a keyboard that's 11.5' wide—even though the laptop's case is only 9.7' wide. The result is the holiest of 1990s computing holy grails: comfy, no-compromises typing on a laptop that is—again, by the standards of three decades ago—highly portable. This story is part of 1995 Week, where we'll revisit some of the most interesting, unexpected, and confounding developments in tech 30 years ago. I could only be talking about IBM's ThinkPad 701, the most buzzworthy PC of 1995. Its expanding keyboard, officially called the TrackWrite, remains better known by its code-name of 'Butterfly,' referencing the spreading-wing-like effect as it slid into place. (IBM's butterfly keyboard is not to be confused with Apple's much later, famously wretched keyboard of the same nickname.) Most amazing tech products don't stay amazing forever. 'Amazing—for its time' is generally as good as it gets. But I don't hesitate to describe the ThinkPad 701 as amazing, full stop. It's one of the best things the technology industry has ever done with moving parts. Though the concept may sound faintly Rube Goldbergian, it worked shockingly well. Lifting the screen set off a system of concealed gears and levers that propelled the two sections of keyboard into position with balletic grace. Once assembled, there was no visible seam between the sections, and—despite the overhang they created on both sides of the computer—no droop. Closing the lid neatly reversed the process. Even the confident sound the keyboard produced as it slid in and out—somewhere between a whirrrr and a whooosh, culminating in a satisfying click—was pleasing to the ear, as if IBM had paid attention to the acoustic experience in its own right. Most computers would be hard to sell in a 15-second TV commercial. But all IBM had to do was convey the ThinkPad 701's petite size and then show what happened when you opened it. Mission accomplished, with time to spare. Long after the ThinkPad 701 left the market, it still felt like magic. David Hill, who became the ThinkPad's design chief in 1995 and continued in the role after IBM sold its PC division to Lenovo a decade later, kept one on hand to demonstrate to visitors such as college students. 'Every time I pulled that thing out and showed it to people, the reaction would be the same,' he remembers. 'There would be this deafening silence. And then someone would say, 'Do it again!'' When the ThinkPad 701 was new, laptop buyers recognized it as the engineering marvel it was. A Businesweek article cited sales of 215,000 units and said it was 1995's best-selling PC laptop. Yet by the time that story appeared in February 1996, the 701 had been discontinued. IBM never made anything like it again. Neither did anyone else. So how could a laptop widely regarded to have solved one of mobile computing's fundamental problems come and go so quickly? Therein lies a tale. The subnotebook conundrum If you skim through enough photos of typical laptops of the mid-1990s—such as the 65-plus models reviewed in an August 1993 PC Magazine cover story —two things will strike you about their displays. First, they're truly dinky. Nearly all the ones PC Mag covered measured between 8.5' and 9.5' diagonally. Today, by contrast, most mainstream laptop screens start at 13' and go up from there. Secondly, most mid-1990s laptop screens are surrounded by overwhelmingly gigantic bezels, as if they were framed, matted photos. From our 21st-century vantage point, they look weird, since computer makers later spent years shrinking the bezels down—both an aesthetic improvement and a way to fit a roomier display in a smaller case. But by supersizing the bezels, '90s manufacturers gave themselves enough room to equip laptops with desktop-like keyboards. At the time, even more than now, that was an absolutely critical design goal. The first PC maker that figured out how to design a subnotebook-sized laptop with a desktop-sized keyboard would really have something. Now, there were buyers who craved portability so much that they were willing to accept a shrunken keyboard. Subnotebooks catered to them. But these miniature laptops were a quirky niche. Reviewing the ThinkPad 500, IBM's first subnotebook, for InfoWorld in 1993, my friend Fredric Paul concluded that 'touch typing is possible but not exactly fun. A bit more thought about the proper form factor might have allowed more pleasant typing.' Everyone else making subnotebooks faced the same issue. 'There was a mismatch between the largest-size screen and a full size keyboard,' says Hill. 'If you wanted to make something that essentially hugged to the sides of the screen, the keyboard had to be significantly compromised in terms of the ability to type on it.' It was obvious that the first PC maker that figured out how to design a subnotebook-sized laptop with a desktop-sized keyboard would really have something. Unless, that is, the whole thing was an impossible dream. In 1992, design legend Richard Sapper had given the first ThinkPad its squared-off black case and red TrackPoint pointing nub—elements that have proven so durable that they're still with us in new ThinkPads from Lenovo. As IBM contemplated the subnotebook market, Sapper tinkered with methods for getting big keyboards into small laptops—'Folding the keyboard on top of itself, with wings that would fold outward, and some other ideas,' says Hill. 'But they made the computer thicker. And that was not something that was popular.' Impractical though the goal of a keyboard that expanded seemed, it continued to float around within IBM. Among those trying to solve it was John Karidis (1958-2012), an employee at the company's Yorktown Heights, New York, lab whom Hill calls 'the most gifted mechanical engineer I've ever worked with in my entire career.' His previous projects at IBM had ranged widely, from high-speed printers to chip testing equipment. Karidis 'really enjoyed the cadre of inventors and makers,' say his brother, George Karidis—an inventor himself, as was their father, a nuclear engineer for Westinghouse. 'He welcomed that [IBM] was International Business Machines, and he and others made machines. He had a deep concentration at a moment's notice on any topic. He didn't have a fear of failure, but just an eagerness to pursue things.' One day, Karidis had the epiphany that made the ThinkPad 701 possible. 'He was playing with some wooden building blocks with his daughter, and he noticed that if you take two triangular blocks and slide them past each other, it kind of makes a rectangle that changes its aspect ratio,' says Hill. By breaking a keyboard into sections that slid, you might be able to increase its width without resorting to a folding design that added to the computer's height. To test that idea out, Karidis 'ended up photocopying a keyboard and then cutting it out,' says his brother George. 'He saw how it could translate. And he went home and showed it to his wife, and she kind of looked at him funny and said, ''They pay you to do this?'' IBM used robots to verify that the split keyboard was robust enough to withstand 25,000 openings and closings. In his 2017 book How the ThinkPad Changed the World and is Shaping the Future, Arimasa Naitoh, who led a ThinkPad engineering team in Yamato, Japan, for decades, writes of an IBM executive at the company's Raleigh, North Carolina office. Learning of Karidis's keyboard, he pushed a plan to incorporate it in a laptop. That executive, Naitoh says, was Tim Cook—years before he joined Apple. Cook's IBM responsibilities involved manufacturing and distribution, not product development, and he left the company well before the ThinkPad 701 was released. Thinking of him as one of its fathers may be going way beyond the documented evidence. Still, the mind boggles: The most interesting laptop Apple's eventual CEO played a hand in hatching might not have been a MacBook. Bringing Karidis's brainstorm to market took time. In 1992, the company had formed an analysts' council that gave a select group of industry watchers the opportunity to see products under development and provide feedback. Its participants included Creative Strategies analyst (and Fast Company contributor) Tim Bajarin; the group still exists today as part of Lenovo's PC business and Bajarin remains a member. At one meeting, the council got a preview of Karidis's design—though not yet in a working laptop. 'It wasn't a true device, but they showed us the concept, showed us how the butterfly keyboard might work,' explains Bajarin. 'And by the way, they did really good mockups. They were not cheapo stuff. To a person, we said, 'If you can do it, you should do it.'' They could do it, and did—just not as rapidly as they'd hoped. Naitoh writes that the ThinkPad 701 was initially supposed to ship by the end of 1994. It missed that deadline, delayed by the demands of engineering and testing such an unprecedented product. For example, IBM used robots to verify that the split keyboard was robust enough to withstand 25,000 openings and closings. Mr. Bond's laptop On March 6, 1995, IBM finally announced its new subnotebook. Available in a variety of configurations, its list prices ranged from $3,799–$5,649, or about $8,000–$11,900 in 2025 dollars—not cheap, but not absurd at the time. The most economical variant, the ThinkPad 701Cs, had a 10.4' screen—roomy at the time—but it was a 'passive matrix' LCD, which tended to leave colors looking a tad washed out. The one you really wanted was the 701C, which sported a vivid active-matrix screen of the same size. In a story about the 701's arrival, The New York Times ' Laurie Flynn said that IBM might have trouble keeping up with demand, in part because it had gotten prospective buyers too excited too early. She also noted that the 701 used 'the older Intel 486 chip rather than the faster Pentium'—an artifact of its slow gestation that would come back to bite IBM. Reviewers, whom IBM had seeded with ThinkPad 701 units before its release, weren't impressed by the laptop's aging processor and found its battery life iffy. Thanks to the butterfly keyboard, they still hailed the system as a mobile computing landmark. 'The $5,000 ThinkPad 701C has successfully taken the sub out of subnotebook,' wrote PC Magazine' s Brian Nadel. The Wall Street Journal 's Walt Mossberg called it 'a true gem of a computer' and— more than 20 years later —'probably the most unusual and, I think, in some ways clever laptop I ever reviewed.' Generally speaking, IBM was a businesslike brand and ThinkPad marketing leaned into practical advantages. With the 701, however, the company wasn't afraid of gadget-y associations. 'James Bond, as a frequent traveler, will certainly carry this amazing 4.5 lb. ultra portable computer on his next mission,' declared one ad, playing up features such as the built-in answering machine and fax capability. That November, James Bond (Pierce Brosnan) really did fool around with a 701 in GoldenEye —although only fleetingly and to the apparent annoyance of Q. (Fittingly, Hill says that Karidis was known as 'the Q of IBM.') The following year, the computer also showed up briefly in Tom Cruise's first Mission Impossible film, which is better known for its Apple product placement. In this video promo shot at Disney World's Epcot Center,an IBM employee walks through the 701's features. We also glimpse the equipment the company used to test the computer and random theme park visitors being impressed by the expanding keyboard. The ThinkPad 701 garnered some weighty recognition, including 27 design awards. It was even exhibited at New York City's Museum of Modern Art. But despite the publicity and plaudits, its clock ran out before the year ended. In a 'Hardware Withdrawal' list released on November 21, 1995, IBM announced that it would stop marketing the 701 as of December 21. Units that had already made their way into distribution channels would remain available into 1996, but the 701 was a dead computer walking, less than nine months after its debut. Multiple factors contributed to IBM's decision to discontinue such a high-profile system. One of them was its Intel 486 chip, which had felt a tad outdated when the 701 was released and grown only more so by late 1995. Updating the design with a Pentium would not have been as simple as plopping in a newer processor. Instead, the decision would have set off a cascading series of engineering challenges relating to keeping the powerful Pentium running cool. Possible, certainly—but also a significant undertaking. 'I would have to say that [the ThinkPad 701's] biggest success is the halo that created around ThinkPad and IBM, because it was so wildly creative,' says Hill. 'But it did kind of miss the wave in terms of the announcement relative to the chip. So it was a little bit late.' Bajarin notes that that IBM told members of its analysts' council that the TrackWrite's keyboard had some reliability issues, since its left and right edges overflowed the case and were unsupported in use. That was especially true among users who mistreated their pricey new laptops: 'Sometimes they'd throw it in their backpack without getting the keyboard closed completely,' he remembers. The great widening Ultimately, though, the ThinkPad 701 wasn't done in by its own limitations. As portable computers became more popular, progress in display technology had made it possible for PC makers to use larger screens. Manufacturers were also getting better at fitting a laptop's necessary components into less space. These advances let them design a new generation of thin, light laptops that went beyond the limitations of subnotebooks. Once IBM could make a lightweight laptop with a wider screen, 'the need for an expanding keyboard was no longer essential,' says George Karidis. 'It would have just been a novelty.' In his book, Naitoh writes that the 701 was released amid rivalry between IBM's Raleigh and Yamato teams that was resolved by centralizing ThinkPad development in Yamato. Put in charge of determining the butterfly keyboard's future, he reluctantly concluded its time had passed and suspended further work on it. In 1996, IBM released the ThinkPad 560. Its 12.1' display was considerably roomier than the ThinkPad's 701's 10.4-incher. The case was two inches wider than the 701, offering plenty of space for a desktop-like keyboard—no butterfly mechanism required. Yet the 560 was also much thinner (1.2') and lighter (4 lb.) than the 701, achieving a form factor that would become known as 'ultraportable.' The ThinkPad 701 had been a memorable blip. The ThinkPad 560's balance of portability, power, and comfort presaged where the entire industry would focus its energy for years to come. The end result has been laptops such as today's ThinkPad X1 Carbon Gen 13. With a 14' screen, it's 53% thinner at its thickest point and 46% lighter than the ThinkPad 560. 'Lenovo continues to flatten these things to the point that it hardly even needs to be any thinner,' says Hill. Though the 701's butterfly keyboard couldn't survive on coolness alone, 'There were a couple of attempts to bring it back with other operating systems, like a kind of a smart book kind of device or other things of that nature, but we never could get the the traction,' says Hill. 'In fact, John [Karidis] and I worked on one where only half the keyboard moved.' Even now, it may be premature to assume the idea will never resurface in a new device: In 2021, the history site Laptop Retrospective reported that Lenovo had filed a new patent for a magnetic expanding keyboard, possibly for use with tablets. Interviewed by Cnet' s John G. Spooner in 2001, Karidis didn't seem haunted by his invention's failure to change computing in any permanent way. 'The butterfly keyboard was no longer necessary, because people moved to larger displays, especially in this geography,' he told Spooner. 'Where the butterfly approach makes sense is where you want the largest keyboard possible in combination with an 8-inch or 10-inch display. We'll wait and see whether the market need develops (again) for that.' So far, it hasn't—but it's fun to think it could. Butterflies are forever Back in 1995, I didn't even consider buying a ThinkPad 701. Even in its cheapest configuration, it was far, far outside my price range. Both of my parents got ones as work machines, though. I recall Ma and Pa McCracken being very happy with their hers-and-his ThinkPads, although my mother, who mostly used hers on the couch when working from home, discovered that excess cat hair clogged the keyboard mechanism. While working on this article, I realized I needed to reacquaint myself with the 701 in person. I ended up snagging one off eBay. Its TrackWrite keyboard continues to function perfectly, and it still boots into Windows 95. However, like many 30-year-old laptops, mine has fallen victim to its advanced age. It has a corroded battery, a flaky power switch, and a case whose rubberized black coating has decomposed to a syrupy consistency. A ThinkPad 701 owner who goes by the online handle of Polymatt hasn't just lovingly restored his own laptop. He's created Project Butterfly, a website full of step-by-step repair guides: How to sand and repaint its case, 3D-print replacement parts, fabricate a replacement battery, and more. Everything is open source, including files that allow the printing of replacement decals for icons such as the ones indicating the laptop's power switch, printer port, headphone jack, and other features. Like me, Polymatt is a second-generation fan whose father brought a 701 home during its original moment of glory. 'I was instantly attracted to it,' he says. 'He had some previous ThinkPads, but this thing was just supercool. I have really fond memories of playing video games on it and just being fascinated by what it was. It helped cement my interest in technology.' The 701 lingered in his memory. Years later, it resurfaced as an opportunity to contribute something meaningful to the community of vintage computing enthusiasts. As a thing of wonder, the ThinkPad 701 continues to transcend its wn obsolescence. Polymatt isn't the only 701 owner who's gone all out to bring the machine into the 21st century. Karl Buchka managed to replace a 701's guts with the motherboard from a modern Framework modular laptop and give it an iPad's Retina display. Theoretically, an intrepid modder could do something similar with any old computer. It's just that few mid-90s laptops remain interesting enough to inspire such creativity. Only a small group of hackers have the patience, passion, and technical chops to acquire a ThinkPad 701—Polymatt says he's had 20 or 30 over the years—and fix it up. But a far larger swath of humanity is still charmed by John Karidis's butterfly keyboard. YouTube is awash in 701-related videos, from an excellent documentary to people simply being entranced by it. As a thing of wonder, it continues to transcend its own obsolescence. Just by itself, Polymatt's YouTube Short of a 701 opening and closing has been viewed more than 600,000 times. 'The fun thing is, I see the comments coming in from people who think that it's a modern thing and are excited about it,' he says. 'And then I see people who know it and are like, 'Oh, they need to bring this back.' I get the whole spectrum of reactions.' Yes, some of the YouTube commenters helpfully point out that the advent of wide screens long ago eliminated the need for an expanding keyboard. Even so, it's tough to watch the video just once and then click away. After all these years, the most natural response to seeing the ThinkPad 701 in action remains 'Do it again.' The super-early-rate deadline for Fast Company's Most Innovative Companies Awards is Friday, July 25, at 11:59 p.m. PT. Apply today. Sign up for our weekly tech digest. SIGN UP This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Privacy Policy ABOUT THE AUTHOR Harry McCracken is the global technology editor for Fast Company, based in San Francisco. He writes about topics ranging from gadgets and services from tech giants to the startup economy to how artificial intelligence and other breakthroughs are changing life at work, home, and beyond. More
Yahoo
21 minutes ago
- Yahoo
Those who invested in Pfeiffer Vacuum Technology (ETR:PFV) three years ago are up 21%
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Forbes
an hour ago
- Forbes
Nothing Headphone 1 Now Shipping With Retro Design And KEF-Tuned Sound
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